Avalanche Rush to give out more than 180M in DeFi incentives
The multi-stage program will start with $27M tokens allocated for the Aave and Curve protocols, with additional incentives reserved for Avalanche native projects. Smart contract platform Avalanche has announced a $180 million liquidity mining incentive program, named Avalanche Rush. The program aims to encourage more applications and tokens to move to Avalanche’s decentralized finance (DeFi) platform, according to the release.
It's set to follow a multi-stage deployment starting with the Aave and Curve protocols, before expanding to other assets in the coming months. For this first stage, Avalanche will allocate up to $20M AVAX tokens for Aave and $7M AVAX tokens for Curve over a 3 month period. At the same time, the Avalanche Foundation will sponsor the launch of Benqi’s DeFi protocol native to the Avalanche network with a $3M allocation starting August 19.
News of the Rush program follows the re-release of the Avalanche Bridge — an upgraded version of the project’s previous cross-chain bridging tool that is allegedly five times cheaper, faster and more secure than before. Part of the funds allocated to the Rush initiative will be reserved for current and future native Avalanche applications, with more information on applying for native incentives said to be coming soon.
Aave Companies founder Stani Kulechov said of the program: “Avalanche consensus is well suited for building DeFi applications due to its scalability features, particularly its high throughput and near-instant finality.“
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 86.8% | 13 | $63 744.54 | 3.56% | 2.44% | $1 255 678 603 873 |  |
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| 2 |  ETH |
Ethereum predictions | 87.6% | 21 | $2 946.62 | 1.84% | -1.82% | $353 938 454 494 |  |
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| 3 |  USDT |
Tether predictions | 95.2% | 1 | $0.999972 | 0.04% | 0.01% | $110 949 202 698 |  |
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| 4 |  BNB |
Binance Coin predictions | 87.6% | 15 | $574.11 | -1.36% | -1.63% | $84 730 690 605 |  |
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| 5 |  SOL |
Solana predictions | 81.2% | 28 | $148.62 | 1.29% | 2.15% | $66 678 688 817 |  |
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| 6 |  USDC |
USD Coin predictions | 91.6% | 1 | $1.000032 | -0.01% | 0.01% | $32 934 886 548 |  |
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| 7 |  XRP |
XRP predictions | 87.2% | 14 | $0.505458 | 0.21% | -2.91% | $27 981 765 892 |  |
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| 8 |  TON |
Toncoin predictions | 68.8% | 62 | $6.98 | 4.01% | 21.39% | $24 245 377 763 |  |
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| 9 |  DOGE |
Dogecoin predictions | 80.8% | 34 | $0.152006 | 0.69% | 3.55% | $21 934 426 617 |  |
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| 10 |  ADA |
Cardano predictions | 83.6% | 19 | $0.440386 | 1.74% | 0.44% | $15 708 965 945 |  |
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| 11 |  SHIB |
SHIBA INU predictions | 74.8% | 45 | $0.000024 | 0.32% | 6.00% | $14 115 854 456 |  |
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| 12 |  AVAX |
Avalanche predictions | 79.6% | 34 | $33.74 | 3.09% | -1.63% | $12 887 430 834 |  |
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| 13 |  TRX |
TRON predictions | 80.8% | 40 | $0.125772 | 0.66% | 2.29% | $11 000 811 195 |  |
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| 14 |  WTRX |
Wrapped TRON predictions | 77.6% | 42 | $0.125518 | 0.48% | 2.32% | $10 978 603 875 |  |
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| 15 |  STETH |
Lido stETH predictions | 96% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
